In Riyadh, the Tadawul All-Share Index added 0.10 per cent to hit 9,731.47 points on Tuesday, May 20. SABIC, the market’s biggest share by capitalisation, declined by 0.40 per cent to SAR116.25.

Zamil Industrial Investment Company slipped 0.50 per cent to SAR55.50. Its subsidiary, Zamil Towers and Galvanizing Company, revealed earlier in the day that it has been awarded a contract worth SAR120 million ($32m) by the Arabian Electrical Transmission Line Construction Co to supply lattice transmission line towers and gantries.